SLT Holdings LLC Makes New $828,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

SLT Holdings LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,513 shares of the company’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $31,000. Avior Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the period.

Insider Activity

In other news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,264 shares of company stock worth $6,995,193. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SFM shares. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Friday, February 28th. Finally, BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $136.97 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company’s fifty day moving average is $150.28 and its two-hundred day moving average is $133.17. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.